I checked AirDNA, and there is a comparable nearby that grosses $80k annually.

New homes are going to have virtually no repair, maintenance, or capex needs for the first five or so years, so you’ll be able to forecast your operating expenses and cash flow with a bit more certainty from the outset.Older properties, however, are generally more affordable than a new home of comparable size and build quality, so if you’re after a good deal, you’ll likely have more luck here—especially if you’re willing to look beyond the MLS for deals.

I also recommend connecting with an investor focused agent so they can start presenting you with the hottest deals.Hi Samuel, I am looking at Reno area, but like you said, I will add a few more markets to compare and make sure I find a good deal.  

They would have more experience with DSCR calculations and may pick up on what you're getting at more quickly compared to a loan officer who typically works with owner-occupier customers.I have no experience underwriting consumer loans so I certainly could be wrong about who can or does what but my point is to not get hung up on needing something called a "DSCR Loan".

For example, if you are looking to get $1,000 a month and all the available rentals on Zillow have hardwoods for a comparable-sized property/ unit you would want to add hardwoods.

And a few who do real, sustainable business.For an industry that loves to hate on agents, it's remarkable how most of them earn less, and do nothing compared to their peerset who simply get licensed. 

Check out Furnished Finder to see if there are any comparable MTRs and their rate in the area. 

If using a PM the returns fall to be comparable to LTR.  

You will quickly see how you compare in all those categories.

Be sure to find comparable areas, asset class, vintage, and sizeGood LuckGino